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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Banksy ✸✺🐝 HONORARY
SHREWD
  😊 😞

Number: of 86257 
Subject: Re: Greatest Economy In History!...
Date: 09/16/26 6:34 AM
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No. of Recommendations: 12
The lie:
"BEST ECONOMY EVER! We are WINNING on all fronts, WINNING LIKE NEVER BEFORE. GOD BLESS YOU ALL!!!" ~Trump

The reality:
The 10-year Treasury yield has hit its highest level since 2007. (Bad news for anyone with a mortgage, a car loan, or a credit card.)

Private Credit Defaults have jumped to 6.3% over the last 12 months, the highest level in history.

The Top 1% of U.S. earners now have more wealth than the entire middle class.

Diesel jumps to highest price in history. (Good thing nothing runs on diesel!)

U.S. 20-Year Treasury Bond Auction just saw the lowest foreign demand ever recorded.

Real wage growth was negative for the fifth consecutive month in August.

U.S. 30-Year Mortgage Rate jumps to 7.22%.

The "King Of Bankruptcy" Donald Trump is currently growing the US national debt by $1 Trillion every 70 days!

Where are all my fiscal conservatives?...

crickets

thehill.com - Trump economy fathers day

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Members reply directly to Banksy here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
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